as i checked in our portal(www.citehr.com) most of them given that the base ceiling for pf ( including admin charges and EDLI charges) was 6500/-.... my problem was with my pf agent he says that i need to calculate the Employer administrative charges @ 1.10% and EDLI admin charges @ 0.05% would be on complete basic .....
I too checked with EPFO web portal they didn't mentioned about any ceiling for admin charges.... plz guide me on this am in confusion.... what i need to take.
thanks for reply....
Plz. note that Adm. charges for PF should be on the salary on what contribution of PF of employee has been deducted.
2. Edli @0.5% should be on the salary keeping at the ceiling i.e.6500/- as well adm.chrges for Edli @0.01% also on the same.
For instance ur salary is Rs.10000/- then it will work out like this:
1 A/c. 1. 1200+659=1859
2. 2. = 110
3 10 = 541(on ceiling i.e.on 6500/-)
4. 21 = 33(on ceiling i.e.on 6500/-)
5. 22 = 2(this is minimum limit or on ceiling i.e.on 6500/-)
So, go as per above analogy which is as per rule.
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